Charities in Scotland: Trustees Responsibilities
|
|
- Gwen James
- 6 years ago
- Views:
Transcription
1 Charities in Scotland: Trustees Responsibilities It is often considered an honour to act as a trustee for a charity and an opportunity to give something back to the community. However, becoming a trustee involves a certain commitment and level of responsibility which should not be underestimated. Whether you are already a trustee for a charity, be it a local project or a household name, or are thinking of becoming involved, there are a number of responsibilities that being a trustee places upon you. We outline the main responsibilities below, with a particular emphasis on accounting and audit requirements for Scottish charities. Background The charities sector in Scotland is generally overseen by the Office of the Scottish Charity Regulator (OSCR) also known as the Scottish Charity Regulator. OSCR is a Non-Ministerial Government department which is the independent regulator and registrar for Scottish charities. OSCR plays an important role in the charity sector and is in place to give the public confidence in the integrity of charities and to help charity trustees to understand and comply with their legal duties. A key part of OSCR s work is to provide advice to trustees. A great deal of useful advice can be found on the OSCR website, where there is a section dedicated to Charity trustees' duties. Types of charity The main legislation which charities in Scotland operate is the Charities and Trustees Investment Act (Scotland) 2005 (the 2005 Act). Charities can be created in a number of ways but are usually either: incorporated under the Companies Act 2006 or earlier (limited company charities) incorporated under the 2005 Act through The Scottish Charitable Incorporated Organisations Regulations 2011 ( the General Regulations ) (Scottish charitable incorporated organisations, SCIOs), or created by a declaration of trust (unincorporated charities). Each of these charities need to register and file their accounts with OSCR and limited companies are additionally registered with Companies House. The type of the charity will determine the full extent of a trustee s responsibilities.
2 Who is a Trustee? The 2005 Act defines trustees as 'persons having the general control and management of the administration of a charity'. This definition would typically include: for unincorporated charities and SCIOs, members of the executive or management committee for limited company charities, the directors or members of the management committee. Charities need at all times to fulfil the charitable purpose for which they were created and it is the duty of all the trustees to ensure this. Trustee restrictions and liabilities In addition to the responsibilities of being a trustee, there are also a number of restrictions which may apply. These are aimed at preventing a conflict of interest arising between a trustee s personal interests and their duties as a trustee. These provide that generally: trustees cannot benefit personally from the charity, although reasonable out of pocket expenses may be reimbursed trustees should not be paid for their role as trustee. There are limited exceptions to these principles which are set out in the 2005 Act. Where trustees do not act prudently, lawfully or in accordance with their governing document they may find themselves personally responsible for any loss they cause to the charity. Trustees' responsibilities The OSCR guidance Charity Trustee Duties explains what it means to be a trustee and how to become one. Trustees have full responsibility for the charity and a general duty to act in the interests of the charity. This means they should: operate in a way which is consistent with the charity s charitable purposes follow the law and the rules in the charity s governing document act with care and diligence manage any conflict of interest between the charity and any person or organisation that may appoint the charity s trustees. Trustees have a duty to make sure that their charity s funds are only applied in the furtherance of its charitable objects. They need to be able to demonstrate that this is the case, so they should keep records which are capable of doing this. Charity trustees must put the interests of the charity before their own needs or those of any relatives or business interests. Where a decision must be taken where one option would be in the interests of a trustee and another in that of the charity a trustee should make sure the other trustees know of the conflict and should not take part in the discussion or decision. The OSCR guidance Charity Trustee Duties also provides information on some specific duties contained in the 2005 Act. The guidance sets out trustees duties to:
3 provide all the information needed to keep the Scottish Charity Register up to date comply with the charity s governing document and the 2005 Act when making changes to the way the charity operates keep proper accounting records and prepare an annual statement of account and annual report which are externally scrutinised take control of how the charity raises funds provide information to the public. These duties are shared by every individual in charge of the charity. No individual charity trustee (for example the Chair or Treasurer) has more responsibility than any other trustee. Accounting requirements The 2005 Act requires that charities: keep full and accurate accounting records (and funds requirements are of particular importance here) prepare charity accounts and an annual report on its activities ensure an audit or independent examination is carried out submit an annual return, annual report and accounts to OSCR (and, for limited company charities, to Companies House). The extent to which these requirements have to be met generally depends upon the type of charity and how much income is generated. Funds requirements An important aspect of accounting for charities is the understanding of the different 'funds' that a charity can have. Essentially funds represent the income of the charity and there may be restrictions on how certain types of funds raised can be used. For example, a donation may be received only on the understanding that it is to be used for a specified purpose. It is then the trustees' responsibility to ensure that such 'restricted' funds are used only as intended. Fundraising The effective management and control of fundraising is also an important trustee responsibility. The Scottish Fundraising Standards Panel oversee fundraising standards and deal with fundraising complaints for Scottish registered charities in line with the Code of Fundraising Practice. The annual report The annual report is often a fairly comprehensive document, as legislation sets out the minimum amount of information that has to be included. The report generally includes:
4 a trustees' report (which can double as a directors' report and a strategic report, if required for charitable companies) a statement of financial activities for the year an income and expenditure account for the year (for some charitable companies) a balance sheet a statement of cash flows notes to the accounts (including accounting policies). Audit requirements Whether or not a charity requires an audit will depend mainly upon how much income is received or generated and their year end: all charities where income exceeds 500,000 require an audit all other charities require an independent examination. Where accruals accounts are prepared the independent examiner must be suitably qualified. There are other criteria to consider, particularly regarding total assets, and we would be pleased to discuss these in more detail with you. Reporting requirements There is a comprehensive framework in place that determines how a charity s accounts should be prepared. Unincorporated charities with income below 250,000 may prepare receipts and payments accounts, unless their governing document says otherwise. All other charities must prepare accounts that show a 'true and fair' view and are referred to as accruals accounts. To show a true and fair view the accounts generally need to follow the requirements of the Charities Statement of Recommended Practice (SORP). The SORP can be viewed at and charities are able to build a bespoke version of the SORP dealing with their own circumstances.
5 How we can help A trustee s responsibilities are many and varied. If you would like to discuss these in more detail or would like help in maintaining your charity s accounting records or preparing its annual report please contact us. We are also able to advise on whether or not an audit or independent examination will be required and are able to carry this out. Exeter Barnstaple Bovey Tracey Holsworthy Honiton Okehampton Michael House Castle Street Exeter EX4 3LQ T: Millennium House Brannam Crescent Roundswell Business Park Barnstaple EX31 3TD T: The Steam Shop Pottery Road Bovey Tracey TQ13 9TZ T: The Square Holsworthy EX22 6DL T: Unit 3 The Threshing Barn Woodhayes Farm Honiton EX14 4TP T: Fore Street Okehampton EX20 1AD T: info@simpkinsedwards.co.uk Please note: The above resource is provided for general information only. No responsibility can be accepted by Simpkins Edwards LLP for any use made of the information presented, whether acting or refraining from action as a result of the material published. No action should be taken without consulting a professional adviser.
The decision to buy, hire purchase (HP) or lease an asset will generally depend on the financing available to your business.
Buy, HP or? The decision to buy, hire purchase (HP) or lease an asset will generally depend on the financing available to your business. There are different treatments for tax and accounting purposes,
More informationStatutory Residence Test
Statutory Residence Test The concept of residence in the United Kingdom is fundamental to the determination of UK tax liability for any individual. The Statutory Residence Test (SRT) provides, through
More informationThe National Living Wage and the National Minimum Wage
The National Living Wage and the National Minimum Wage Anybody working, aged 25 or over and not in the first year of an apprenticeship, is legally entitled to the National Living Wage (NLW). Despite its
More informationCapital Gains Tax and the Family Home
Capital Gains Tax and the Family Home The capital gains tax (CGT) exemption for gains made on the sale of your home is one of the most valuable reliefs from which many people benefit during their lifetime.
More informationTHE HYDROGRAPHIC SOCIETY UK TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2009
THE HYDROGRAPHIC SOCIETY UK TRUSTEES REPORT AND FINANCIAL STATEMENTS Charity no: 1106111 Company Number: 05182924 THE HYDROGRAPHIC SOCIETY UK CONTENTS Page Report of the trustees and directors 1-4 Independent
More informationTHE HYDROGRAPHIC SOCIETY UK TRUSTEES REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2015
THE HYDROGRAPHIC SOCIETY UK TRUSTEES REPORT AND AUDITED FINANCIAL STATEMENTS Charity no: 1106111 Company Number: 05182924 THE HYDROGRAPHIC SOCIETY UK CONTENTS Page Report of the trustees and directors
More informationTechnical factsheet: Charitable incorporated organisations
Technical factsheet: Charitable incorporated organisations Contents Page Introduction 2 Reporting requirements 3 Advantages and disadvantages 5 Converting to the CIO structure 6 Appendix: checklist 10
More informationApplication for Approval of a Charity Reorganisation Scheme
Application for Approval of a Charity Reorganisation Scheme Section 39 of the Charities and Trustee Investment (Scotland) Act 2005 Please read Reorganisation of your charity on the OSCR website at www.oscr.org.uk
More informationSOCIAL ENTERPRISE ENTITY STRUCTURES
SOCIAL ENTERPRISE ENTITY STRUCTURES Social Enterprise Entity Structures A social enterprise entity is a business with primarily social objectives. Any surpluses made are reinvested into the main principle
More informationTown Centre Partnerships Models and Governance. Legal considerations and incorporation options
Town Centre Partnerships Models and Governance Legal considerations and incorporation options Overview Legal structures what are the options? Company limited by guarantee Company limited by shares Community
More informationEAST HAVEN TOGETHER Scottish Charitable Incorporated Organisation (SCIO)
EAST HAVEN TOGETHER Scottish Charitable Incorporated Organisation (SCIO) SC045824. Trustees Annual Report and Financial Statements for the period ended 23 July 2015 31 March 2016 Index to the Financial
More informationCharity Law and Governance
Charity Law and Governance scheme November 2016 ICSA 2016 Page 1 of 13 Section A 1 Three (1) 2 Any two of the following: (2) Charity Commission or Charity Commission for England and Wales (1) Office of
More informationUpdate on charity law and accounting: With a focus on the specifics of CIOs
Update on charity law and accounting: With a focus on the specifics of CIOs Management Development Network: Annual Members Conference London 25 April 2017 GARETH G MORGAN Partner, The Kubernesis Partnership
More informationPersonalised with your firms details. Charity News
Personalised with your firms details Charity News CHARITY NEWS Our Charity News includes useful guidance on keeping vulnerable beneficiaries, employees and volunteers safe. We also consider the impact
More informationLEGAL STATUS GUIDANCE
LEGAL STATUS GUIDANCE The Purpose of this Toolkit This toolkit is aimed for basketball clubs in Scotland who require to distinguish an appropriate legal structure for their club. There are various benefits
More informationTHE COMPANIES ACT 2006 COMPANY LIMITED BY GUARANTEE AND NOT HAVING A SHARE CAPITAL. MEMORANDUM of ASSOCIATION of YOUTHBORDERS
THE COMPANIES ACT 2006 COMPANY LIMITED BY GUARANTEE AND NOT HAVING A SHARE CAPITAL MEMORANDUM of ASSOCIATION of YOUTHBORDERS THE COMPANIES ACT 2006 COMPANY LIMITED BY GUARANTEE AND NOT HAVING A SHARE CAPITAL
More informationApplication for Approval of a Restricted Funds Reorganisation
Application for Approval of a Restricted Funds Reorganisation Section 43A of the Charities and Trustee Investment (Scotland) Act 2005 Please read Restricted Funds Reorganisation on the OSCR website at
More informationThe Church of Scotland. Receipts and Payments Accounts. Guidance Notes. (Revised Nov 2014)
The Church of Scotland Receipts and Payments Accounts Guidance Notes (Revised Nov 2014) Receipts and Payments Accounts Guidance Notes New Style of accounts The new style of accounts is mandatory for all
More informationAGE CONCERN OKEHAMPTON AND TORRIDGE ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2004 CHARITY REGISTRATION NUMBER
AGE CONCERN OKEHAMPTON AND TORRIDGE ANNUAL REPORT AND FINANCIAL STATEMENTS CHARITY REGISTRATION NUMBER 1011780 AGE CONCERN OKEHAMPTON AND TORRIDGE ANNUAL REPORT AND FINANCIAL STATEMENTS CONTENTS PAGE REPORT
More informationUNINCORPORATED ASSOCIATIONS: CONVERSION TO A SCIO
UNINCORPORATED ASSOCIATIONS: CONVERSION TO A SCIO CONFIDENCE THROUGH CLARITY A Brief Guide K:\COPYDOCS\CI675\X293\14251678.DOC 1 Important Notice You should be aware that there are significant legal and
More informationGuidance from the Charity Commission. The essential trustee: what you need to know. Appendix The charity framework in brief
Appendix 3 Guidance from the Charity Commission The essential trustee: what you need to know 1. The charity framework in brief This section sets out an overall description of the framework for charities,
More informationThe Pirie Rankin Charitable Trust. Accounts for the year to 31 July Scottish Charity No. SC043145
U') U{._ Blackadders OSCR The Pirie Rankin Charitable Trust Accounts for the year to 31 July 2017 Scottish Charity No. SC043145 5 Rutland Square Edinburgh EHl 2AX Tel: 0131 222 8000 www.blackadders.co.uk
More informationAnnual Report & Financial Statements 2013
Dundonald Games Society SCIO Annual Report & Financial Statements 2013 February 2014 Dundonald Games Society SCIO Scottish Charity Number SC044025 Contents Trustees Annual Report... 3 Reference & Administrative
More informationa lack of trust? on target? taking things for granted? and some other charities things
a lack of trust? on target? taking things for granted? and some other charities things Alan Eccles, Partner - Charities & Third Sector, Brodies LLP ABERDEEN EDINBURGH GLASGOW BRUSSELS www.brodies.com the
More informationMaidenhead Care. Annual Report and Financial Statements 1 January to 31 December 2015
Maidenhead Care Annual Report and Financial Statements 1 January to 31 December 2015 Charity number: 1134263 Company number: 6996751 Page 1 Trustees report Year ended 31 December 2015 The Board of Trustees
More informationSC The Rangers Charity Foundation
SC033287 The Rangers Charity Foundation Report under section 33 of The Charities and Trustee Investment (Scotland) Act 2005 SC033287 The Rangers Charity Foundation _01 1. Executive summary OSCR has concluded
More informationAn overview of charity campaigning & the Electoral Commission guidance
An overview of charity campaigning & the Electoral Commission guidance 1. Introduction 1.1 This note explores charity law and electoral law in the context of a charity involved in campaigning, following
More informationReporting of relevant matters of interest to UK charity regulators. A guide for auditors and independent examiners
Reporting of relevant matters of interest to UK charity regulators A guide for auditors and independent examiners 1 The Charity Regulators The Charity Commission for Northern Ireland (CCNI) is the regulator
More informationCharity Investments: Guidance and Good Practice
Charity Investments: Guidance and Good Practice 1. Introduction 2. What is an investment? 3. Why have investments? 4. What can and should charity trustees do in relation to investments? 4.1 Investment
More informationCharities and Benevolent Fundraising (Scotland) Regulations 2009 What this guide covers
Charities and Benevolent Fundraising (Scotland) Regulations 2009 What this guide covers This is a technical guide explaining the rules set out in the 2009 Regulations Technical Guide: Charities and Benevolent
More informationAccruals accounts. How to prepare accruals accounts and the trustees annual report
Accruals accounts How to prepare accruals accounts and the trustees annual report CCNI ARR04 consultation document 1 December 2015 The Charity Commission for Northern Ireland The Charity Commission for
More informationPractice Note 11 (Revised)
Guidance Audit and Assurance Financial Reporting Council November 2017 Practice Note 11 (Revised) The audit of charities in the United Kingdom The Financial Reporting Council (FRC) is responsible for promoting
More informationTrustees Report and Accounts
Unincorporated Association Registered Charity Number 265351 for the year ended 31 st March 2014 Table of Contents Page Charity Information... 1 Trustees Report... 2 Organisation... 3 Objectives and Activities...
More informationSeeking charitable status in Scotland Guidance for England and Wales charities on registration with the Scottish Charity Regulator.
Seeking charitable status in Scotland Guidance for England and Wales charities on registration with the Scottish Charity Regulator www.oscr.org.uk Guidance on Registration with the Office of the Scottish
More informationCure Crohn's Colitis Unaudited Financial Accounts for the accounting period Year ended 30 April 2007
Scottish Charity No: SC036559 Cure Crohn's Colitis Unaudited Financial Accounts for the accounting period Year ended 30 April 2007 Company No. SC283423 Trustees' Report for the period ended 30 April 2007
More informationBORDERS VOLUNTARY CARE VOICE (a SCIO) UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2016
Charity No. SCO43731 BORDERS VOLUNTARY CARE VOICE (a SCIO) UNAUDITED FINANCIAL STATEMENTS CONTENTS TRUSTEES' REPORT 1-3 INDEPENDENT EXAMINER'S REPORT 4 STATEMENT OF FINANCIAL ACTIVITIES 5 (INCORPORATING
More informationCharity Investments: Guidance and Good Practice. November 2018 Scottish Charity Regulator
Charity Investments: Guidance and Good Practice November 2018 Scottish Charity Regulator Contents 1. Introduction 2. What is an investment? 3. Why have investments? 4. What can and should charity trustees
More informationCure Crohn's Colitis Unaudited Financial Accounts for the accounting period 19 April 2005 to 30 April 2006
Scottish Charity No: SC036559 Cure Crohn's Colitis Unaudited Financial Accounts for the accounting period 19 April 2005 to 30 April 2006 Company No. SC283423 Trustees' Report for the period ended 30 April
More informationCharity Accounting forthcoming changes
Stewardship Briefing Note 2014/1 Charity Accounting forthcoming changes September 2014 Stewardship, 1 Lamb s Passage, London EC1Y 8AB t: 020 8502 5600 e: enquiries@stewardship.org.uk w: stewardship.org.uk
More informationSmall Charity Reporting
Small Charity Reporting Bulletin 2017 / 1 What is in this Bulletin? There are three key changes of relevance to auditors, independent examiners and preparers of charity accounts dealt with in this Bulletin:
More informationSetting up and Registering as a Charity
Setting up and Registering as a Charity Business Information Factsheet BIF469 May 2016 Introduction A charity is a non-profit organisation that is established for charitable, benevolent or philanthropic
More informationTHE ASCENSION TRUST (SCOTLAND) (A COMPANY LIMITED BY GUARANTEE) ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2018
Charity Registration No. SC041912 (Scotland) Company Registration No. SC371392 (Scotland) ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS LEGAL AND ADMINISTRATIVE INFORMATION Trustees Charity number Company
More informationHeartstart St Andrews and East Neuk of Fife Trustees Annual Report and Financial Statements for the year ended 31 March 2018
Trustees Annual Report and Financial Statements for the year ended 31 March 2018 Charity Reference SC026527 P a g e 1 Trustees Annual Report For the Year Ended 31 March 2018 The trustees have pleasure
More informationScottish Episcopal Church
Scottish Episcopal Church Completion of the OSCR Annual Return and Supplementary Monitoring Return Charges within the Scottish Episcopal Church will have submitted Annual Returns and, in most cases, a
More informationContents Charity Law Charity Commission College Constitution Governance Trustees Responsibility and Accountability
Charity law and Governance 22 nd June 2010 Contents Charity Law Charity Commission College Constitution Governance Trustees Responsibility and Accountability Charity Law Dates back to 1601 Defines what
More informationCommunicating SORP 2005 to small charities preparing accruals accounts.
1. Introduction 1.1. At the November meeting, the SORP Committee considered a paper: Steering the way forward: challenges and options. It was agreed that when drafting a future SORP, that the smaller charities,
More informationUse of receipts and payments forms
Receipts and Payments Accounts Introductory Notes Purpose of pro forma receipts and payments accounts In England and Wales many smaller non-company charities may choose to prepare receipts and payments
More informationEDINBURGH BAKERS WIDOWS FUND BILL
EDINBURGH BAKERS WIDOWS FUND BILL PROMOTER S MEMORANDUM INTRODUCTION 1. This document relates to the Edinburgh Bakers Widows Fund Bill introduced in the Scottish Parliament on 20 March 2017. It has been
More informationWELSH AMBULANCE SERVICES NHS TRUST CHARITY
WELSH AMBULANCE SERVICES NHS TRUST CHARITY The accounts for Funds Held on Trust. FOREWORD The full annual accounts have been prepared in accordance with the Charities Act (1993), the Charities (Accounts
More informationFinancial disclosure reporting checklist
Financial disclosure reporting checklist Charities (FRS 102) Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with
More informationacie Independent Examination OSCR Guidance for Charities and Independent Examiners
Independent Examination OSCR Guidance for Charities and Independent Examiners www.oscr.org.uk OSCR would like to acknowledge the significant contribution made by ACIE in the preparation of this guidance
More informationContents Page. Trustee and Directors Report 2-5. Statement of Directors Responsibilities 6. Corporate Governance Statement 7. Auditors Report 8-9
Association of Scotland s Colleges (t/a Scotland s Colleges) Financial Statements for the Year Ended 31 July Charity Number: Company Number: SC023848 SC143210 ASC Financial Statements for the Year Ended
More informationFinancial disclosure reporting checklist
Financial disclosure reporting checklist Charities (FRS 102) Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with
More informationCharity reporting and
reporting and 6 Tilbury Place, Brighton, BN2 0GY 01273 606160 www.resourcecentre.org.uk accounts This guide summarises the requirement for charities to produce accounts, reports and returns each year.
More informationMOSSHEAD PRE-SCHOOL AND PLAYGROUP FINANCIAL ACCOUNTS FOR THE YEAR ENDED 30 APRIL 2015
FINANCIAL ACCOUNTS FOR THE YEAR ENDED 30 APRIL 2015 MOSHEAD PRE-SCHOOL AND PLAYGROUP Page 2 REPORT AND ACCOUNTS FOR THE YEAR ENDED 30 APRIL 2015 CONTENTS Information 3 Page Trustees report 4 Independent
More informationPreparing an audit report for a Charity
AUDIT AND ASSURANCE FACULTY HELPSHEET This helpsheet was last updated in August 2017 and is based on the relevant laws and regulations that apply as at 1 June 2017. Preparing an audit report for a Charity
More informationReport of the Trustees and Unaudited Financial Statements for the Year Ended 31 March 2018 for Gatton Community Theatre Limited
REGISTERED COMPANY NUMBER: 03958572 (England and Wales) REGISTERED CHARITY NUMBER: 1080313 Report of the Trustees and Unaudited Financial Statements for Contents of the Financial Statements Report of the
More informationCompany Registration No. SC Charity Registration No. SC TRANSITION BLACK ISLE DIRECTORS REPORT AND FINANCIAL STATEMENTS
Company Registration No. SC398650 Charity Registration No. SC042309 TRANSITION BLACK ISLE DIRECTORS REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 ST MARCH 2017 CONTENTS Page numbers Trustees Annual
More informationGuidance for Schools on Voluntary Funds
Guidance for Schools on Voluntary Funds This guidance was reviewed and agreed by the Financial Governance & Audit working Group of the Schools Forum on 17 December 2012. January 2013 Definition A voluntary
More information1.0 Introduction. 2.0 The Aims Behind the Code of Conduct
Institute of Fundraising Response to Draft Recommendations to Member States regarding a Code of Conduct for Non-Profit Organisations to Promote Transparency and Accountability Best Practices. 1.0 Introduction
More information9. Disclosure of trustee and staff remuneration, related party and other transactions
9. Disclosure of trustee and staff remuneration, related party and other transactions Introduction 9.1. A charity s accounts should inform the user and help them to assess a charity s financial performance
More informationThe Association of Clinical Biochemists Benevolent Fund
Charity number: 254213 The Association of Clinical Biochemists Benevolent Fund Report and financial statements Contents Page Reference and administrative details 1 Trustees' report 2-4 Independent examiner's
More informationMemorandum of Understanding between the Scottish Charity Regulator and the Charity Commission for Northern Ireland
Memorandum of Understanding between the Scottish Charity Regulator and the Charity Commission for Northern Ireland Purpose of the Memorandum of Understanding The purpose of this memorandum of understanding
More informationScottish Charity Accounts An Updated Guide to the 2006 Regulations
Scottish Charity Accounts An Updated Guide to the 2006 Regulations OSCR is grateful to the following people for their support and assistance in updating this guidance: Michael Brougham and Elaine Parr
More informationSection 3 Trustees Annual Report General Notes for preparing the Trustees Annual Report 6
Contents Page Section 1 Introduction 1 1.1 Introduction 1 1.2 Scope of this guidance 1 1.3 What are receipts and payments accounts? 1 1.4 How can these forms be used? 2 Section 2 Features of receipts and
More informationCross-border charity regulation in Scotland Guidance on statutory requirements and reporting to the Office of the Scottish Charity Regulator
Cross-border charity regulation in Scotland Guidance on statutory requirements and reporting to the Office of the Scottish Charity Regulator www.oscr.org.uk Guidance on Regulation by the Office of the
More informationImplementing Charities SORP
Implementing Charities SORP 31 January 2019 Angela Monahan Audit Senior Manager Mazars Charities SORP Content 1. An Introduction 2. Overview of Charities SORP 3. Key Areas of Charities SORP 4. Challenges
More informationPlunkett s brief guide to Legal Structures, The Plunkett Model Rules and Community Shares
Plunkett s brief guide to Legal Structures, The Plunkett Model Rules and Community Shares Committees In the early days, a committee is required to take on the responsibility of managing and leading a community
More informationReport of the Trustees and Financial Statements - for the period from Incorporation on 23 December 2013 to 31 March 2015
Report of the Trustees and Financial Statements - for the period from Incorporation on 23 December 2013 to 31 March 2015 REGISTERED COMPANY NUMBER: SC466366 (Scotland) REGISTERED CHARITY NUMBER: SC044627
More informationCharity Retail Association and Blake Morgan. Tel:
To: Produced by: Charity Retailers Last updated: August 2018 Contact: Charity Retail Association and Blake Morgan mail@ Tel: 020 7697 4080 There are a range of activities carried out by charity retailers.
More informationThe State of Charity in the UK in 2018/19
The State of Charity in the UK in 2018/19 Management Development Network MDN York Conference 8 October 2018 Working for now GARETH G MORGAN gareth.morgan@kubernesis.co.uk Partner, The Kubernesis Partnership
More information1. Trustees annual report
1. Trustees annual report Overview and the purpose of the trustees annual report 1.1. The FRSSE does not specify any requirements for narrative reporting or for the content of a trustees annual report
More informationCHARTERED INSTITUTE OF LIBRARY & INFORMATION PROFESSIONALS IN SCOTLAND
Charity number: SC038532 CHARTERED INSTITUTE OF LIBRARY & INFORMATION PROFESSIONALS IN SCOTLAND TRUSTEES' REPORT AND FINANCIAL STATEMENTS CONTENTS Page Reference and Administrative Details of the Charity,
More informationScottish FA Club Services LEGAL STRUCTURES FOR YOUR CLUB. Your club. Your home. Your community.
Scottish FA Club Services LEGAL STRUCTURES FOR YOUR CLUB Your club. Your home. Your community. YOUR CLUB YOUR HOME YOUR COMMUNITY www.biglottery.co.uk www.burnesspaull.com www.supporters-direct.org 2 Legal
More informationDundee Mixed Martial Arts Youth and Community Sports Association (A company limited by guarantee) Annual Report & Financial Statements.
Dundee Mixed Martial Arts Youth and Community Sports Association (A company limited by guarantee) Scottish Charity No: SC039621 Company No: SC339517 Annual Report & Financial Statements For the Period
More informationThe Association of Clinical Biochemists Benevolent Fund
The Association of Clinical Biochemists Benevolent Fund Report and financial statements for the year ended 31 December 2017 Charity number: 254213 Contents Page Reference and administrative details 1 Trustees
More informationWho s In Charge: Control and Independence in Scottish Charities
Who s In Charge: Control and Independence in Scottish Charities Page : 02 Who s In Charge: Control and Independence in Scottish Charities 2011 Contents Page Executive Summary Introduction 4 Chapter 1.
More informationACTION DEAF YOUTH Charity number NIC A Company limited by guarantee number NI Financial Statements for the period 1st April 2015 to 31st
Charity number NIC102041 A Company limited by guarantee number NI619842 Financial Statements (A company limited by guarantee) Financial Statements Contents Page Legal and Administrative Information 2 Structure
More informationCONSTITUTION OF MARANATHA CAMP. ( the charity ) Dated: 20 June 2016
CONSTITUTION OF MARANATHA CAMP ( the charity ) Dated: 20 June 2016 Name and status 1 The name of the charity is Maranatha Camp. 2 The charity will, upon registration, be a Scottish Charitable Incorporated
More informationThis document is a record of the information provided in the Annual Return 2017.
Charity Commission Charity Commission Annual Return 2017 MAKING THE LEAP Charity registration number: 1058648 Submitted on 10/01/2018 Most of the information you give in this form will become publicly
More informationBecoming a CIO: Funding Implications
Becoming a CIO: Funding Implications Funding Landscape Conference York 23 October 2014 Gareth G Morgan Professor of Charity Studies, Sheffield Hallam University and Course Leader, MSc Charity Resource
More informationSECOND KILLEARN TRUST TRUSTEES' REPORT AND UNAUDITED ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2010
Charity Registration No. SC003347 SECOND KILLEARN TRUST TRUSTEES' REPORT AND UNAUDITED ACCOUNTS LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mr J Parker - Chairman Mrs K Pollock - Secretary Mrs G Smith
More informationCHARITY CONSULTATION. Final Draft responses
CHARITY CONSULTATION Final Draft responses Consultation - Question 1 What in your opinion or that of your organisation (if you are responding on behalf of an organisation) should be the top three priority
More informationSORP information sheet 4: the adoption of FRS 102 by charities reporting under the SORP
SORP information sheet 4: the adoption of FRS 102 by charities reporting under the SORP 1. Background 1.1. The Charity Commission and the Office of the Scottish Charity Regulator are the joint SORP-making
More informationPART TWO LIFE PATH TRUST LIMITED
PART TWO LIFE PATH TRUST LIMITED AUDITOR S REPORT AND FINANCIAL STATEMENTS 31 March 2012 CONTENTS Page 22 Statement of Trustees responsibilities 23 Independent auditor s report o Respective responsibilities
More informationAn Introduction to FRS102 for Charities. Spring 2015
An Introduction to FRS102 for Charities Spring 2015 An Introduction for FRS102 for Charities Spring 2015 Introduction The Financial Reporting Council (FRC) has issued three new accounting standards, FRS
More informationScottish Solicitors Benevolent Fund
Scottish Solicitors Benevolent Fund Annual Report and Financial Statements for the year ended 31 October 2017 Charity registration number SC000258 1 Trustees Report The trustees have pleasure in submitting
More informationUNIVERSITY OF ST ANDREWS GIFT ACCEPTANCE POLICY
UNIVERSITY OF ST ANDREWS GIFT ACCEPTANCE POLICY 1. Scope This policy sets out: the principles that the University will follow when seeking and accepting gifts from individuals, charitable trusts and other
More informationTHE MARY WARD LEGAL CENTRE (A COMPANY LIMITED BY GUARANTEE) DIRECTORS' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2013
COMPANY NUMBER 2786099 CHARITY NUMBER 1024148 THE MARY WARD LEGAL CENTRE (A COMPANY LIMITED BY GUARANTEE) DIRECTORS' REPORT AND FINANCIAL STATEMENTS GENERAL INFORMATION DIRECTORS AND TRUSTEES J Barber
More informationHow trustees can get to grips with charity accounts
How trustees can get to grips with charity accounts Many trustees will be expert in accounting, but will still find charity accounts a bit of a mystery. Other trustees will not have much financial training
More informationCompany no Charity no Global Witness Trust Report and Financial Statements 31 December 2017
Company no. 05883832 Charity no. 1117844 Global Witness Trust Report and Financial Statements 31 December 2017 Reference and administrative details Company number 05883832 Charity number 1117844 Registered
More informationCharity Law and Governance
Subject ref. CLG Level 4 Certificate in Charity Law and Governance Charity Law and Governance Sample assessment material January 2016 Time allowed: 3 hours (plus 15 minutes reading time) Do not open this
More informationNORTH EAST AMBULANCE SERVICE TRUST FUND CHARITABLE FUNDS ANNUAL REPORT AND ANNUAL ACCOUNTS 2013/14
NORTH EAST AMBULANCE SERVICE TRUST FUND CHARITABLE FUNDS ANNUAL REPORT AND ANNUAL ACCOUNTS 2013/14 Charity Number: 1078575 Contents Page Legal and administrative information 2 The Charity Structure, Governance
More informationExposure Draft: Practice Note 11: The audit of charities in the United Kingdom
Exposure Draft Financial Reporting Council May 2017 Exposure Draft: Practice Note 11: The audit of charities in the United Kingdom The Financial Reporting Council (FRC) is the UK s independent regulator
More information(Including conflict of interests declaration - otherwise known as Register of Business Interests)
Conflicts of Interest Policy (Including conflict of interests declaration - otherwise known as Register of Business Interests) Introduction All academies within the University of Chichester Academy Trust
More informationSCOTTISH LANGUAGE DICTIONARIES LIMITED REPORT AND ACCOUNTS. For the year ended 31 March 2015
Company No: SC230070 Registered Charity No: SC032910 SCOTTISH LANGUAGE DICTIONARIES LIMITED REPORT AND ACCOUNTS REPORT AND ACCOUNTS Contents Page Administrative Details 1 Trustees Report 2 6 Independent
More informationCLUB STRUCTURES 2015 A GUIDE TO CLUB STRUCTURES FOR SEMI- PROFESSIONAL AND AMATEUR SPORTS CLUBS BY CHARLES RUSSELL SPEECHLYS AND LAWINSPORT
CLUB STRUCTURES 2015 A GUIDE TO CLUB STRUCTURES FOR SEMI- PROFESSIONAL AND AMATEUR SPORTS CLUBS BY CHARLES RUSSELL SPEECHLYS AND LAWINSPORT LawInSport Limited 2015 INTRODUCTION In promoting the success
More informationESSENTIAL CHARITY FINANCE FOR TRUSTEES
ESSENTIAL CHARITY FINANCE FOR TRUSTEES CONTENTS 1 INTRODUCTION 06 4 FINANCIAL STRATEGY AND 10 GOVERNANCE 2 THE LAW 3 WHAT ARE THE ACCOUNTING, REPORTING AND EXTERNAL SCRUTINY REQUIREMENTS FOR CHARITIES?
More informationAGE CONCERN REGIONAL SUPPORT SERVICES EASTERN DIRECTORS' AND TRUSTEES' REPORT AND UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2014
AGE CONCERN REGIONAL SUPPORT SERVICES EASTERN DIRECTORS' AND TRUSTEES' REPORT AND UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2014 Company No: 4721677 (England and Wales) Charity No: 1099606 Contents
More informationReporting Notifiable Events to OSCR
Reporting Notifiable Events to OSCR We aim to support public confidence in charities and their work. Part of our role is to try and prevent problems from happening, by providing guidance and advice to
More information